HMRC remains receptive to businesses seeking Time to Pay (TTP) agreements. A TTP allows viable businesses who cannot pay by the due date to make payments over a period they can afford. Arrangements are tailored to the ability of the customer to pay and are typically over a few months. A TTP..
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The annual return which is currently lodged at Companies House is being replaced with an annual check-and-confirm ‘confirmation statement’. This form will also make the statements of capital easier to complete because the statement of capital is to be amended to remove the requirement for companies to include the amount..
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I’ve been advised by a few clients recently that the “scam” emails supposedly from HMRC offering tax rebates have surfaced again. Not surprising really as the end of the last tax year has recently passed so I can see the scammers taking advantage of the perceived opportunity. Please don’t fall..
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Since forming Paul Glaholm & Co. in 1997 I have always had the same business aim, which is simply to help clients to achieve their own business goals and ambitions by providing a high quality, fair-priced and friendly Accountancy service. Having been based in and around the Newcastle area for some years, I’ve..
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From 6th April 2016 the 10% Dividend Tax Credit will be abolished and there will be a new Dividend Tax Allowance of £5,000 per year in its place. That’s where the good news ends! A new Dividend Tax will also be levied on Dividend Income above the allowance at 7.5%..
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Here are the headlines: Allowance and Rate Bands The Personal Allowance will increase from £11,000 in 2016/17 to £11,500 in 2017/18. The Basic Rate Limit will increase from £32,000 in 2016/17 to £33,500 in 2017/18. The Higher Rate Threshold will increase from £43,000 in 2016/17 to £45,000 in 2017/18. From..
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From 1st April 2016 you must pay all employees aged 25 and over the new National Living Wage rate. The current minimum wage of £6.70 per hour will increase by 50p to £7.20 per hour. This will impact small businesses to varying degrees but will be at least partly offset..
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I’m pleased to offer to clients our Tax Investigations Service, which is designed to provide you with protection against the costs of an enquiry. Our Tax Investigation Service covers your defence costs in the event that you are selected for an investigation and ensures that you do not have to..
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If you employ anyone under 21 years old you will no longer have to pay Class 1 secondary National Insurance contributions on earnings up to the new Upper Secondary Threshold (UST) for those employees. This comes into effect from 6 April 2015 so be prepared to change the NI Category..
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As the Self Assessment deadline has now passed, HMRC will begin to start issuing penalty notices to those who did not meet the legal requirement to file their returns on time. A fixed penalty of £100 will be due for all returns which were outstanding at 31 January 2015. This..
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